US 500 [S&P500] Aiming At New Records!
Login

US 500 [S&P500] Aiming At New Records!

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Olimpiu Tuns

Updated:


US500 closed the week at 4180.60 below 4191.9 new all-time high. The outlook is bullish, so the index could resume its upwards movement. USD’s depreciation helped the US stock market to hit new records.

Any temporary retreat could help the buyers to go long and catch a new upside momentum even if the rate is located at historical highs. Technically, US500 (S&P500) has validated more gains ahead. Still, we need to search for good risk to reward entries as the market could drop anytime from the highs.

US500 is traded right above the weekly R2 (4168.3) after invalidating a potential corrective phase. The rate has registered only false breakdowns through the uptrend line offering good long entries.

The index is trapped within an up channel, so the outlook remains bullish as long as it stays inside of this pattern. The next major upside target is seen at the channel’s upside line.

The last false breakdown through the uptrend line followed by a new higher high represented a good long entry. Now we have to wait for a fresh bullish signal before going long. Confirming its breakout above the R2 could bring a new opportunity soon.

If you want to receive new buying opportunities on US500 don’t hesitate to join our VIP Telegram group HERE

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News